FULL HOUSE RESORTS INC (FLL) Earnings History

FULL HOUSE RESORTS INC - Q3 FY2025 Earnings

Filed at: Nov 6, 2025, 8:13 AM EST|Read from source

EXECUTIVE SUMMARY

Full House Resorts reported improved third quarter results driven by strong performance at American Place Casino and Chamonix/Bronco Billy's, despite some segment headwinds and the sale of a property.

POSITIVE HIGHLIGHTS

  • •

    Consolidated revenues increased 3.0% to $78.0 million from $75.7 million in the prior-year period.

    positive
  • •

    American Place Casino set a new property record with revenues increasing 14.0% to $32.0 million.

    positive
  • •

    Adjusted EBITDA increased 26.1% to $14.8 million, driven by strong results at American Place and a $2.1 million contribution from Chamonix/Bronco Billy's.

    positive
  • •

    Chamonix/Bronco Billy's Adjusted Property EBITDA improved significantly, rising to $2.1 million from $(0.7) million in the prior-year period.

    positive

CONCERNS & RISKS

  • •

    The West segment revenues decreased 7.2% to $18.0 million, impacted by the sale of Stockman's Casino and renovation disruptions at Grand Lodge Casino.

    attention
  • •

    Contracted Sports Wagering revenues and Adjusted Segment EBITDA declined compared to the prior-year period.

    attention
  • •

    Net loss for the quarter was $(7.7) million, although it improved from $(8.5) million in the prior-year period.

    attention

FINANCIAL METRICS

Revenue
Quarterly
$77.95M
+3.0%
Prior year: $75.69M
Net Income
Quarterly
$-7.68M
+9.4%
Prior year: $-8.47M
EPS (Diluted)
Quarterly
$-0.21
+12.5%
Prior year: $-0.24
Operating Income
Quarterly
$3.44M
+40.3%
Prior year: $2.45M
EPS (Basic)
Quarterly
$-0.21
+12.5%
Prior year: $-0.24

MARGIN ANALYSIS

Operating Margin
Current Quarter
4.4%
Prior Year
3.2%
YoY Change
+117 bps
Net Margin
Current Quarter
-9.8%
Prior Year
-11.2%
YoY Change
+134 bps

Margin expansion indicates improving profitability and operational efficiency. Measured in basis points (bps): 100 bps = 1.0%.

SPECIAL ITEMS & ADJUSTMENTS

Q3 2025
Loss (gain) on sale of Stockman’s, net of impairment
Minimal impact in current quarter.
+$0.004M
Q3 2024
Gain on sale of Stockman’s, net of impairment
Positive impact in prior year quarter.
$2M
Total Impact
$1.996M

Special items are non-recurring events that may distort period-over-period comparisons. Analysts typically adjust for these when calculating normalized earnings.

MANAGEMENT COMMENTARY

American Place continues to deliver outstanding growth, setting new records for revenue and profitability.

— FULL HOUSE RESORTS INC, Q3 FY2025 2025 Earnings Call

Chamonix's new management team made significant advances, with substantial opportunity remaining in the Colorado Springs market.

— FULL HOUSE RESORTS INC, Q3 FY2025 2025 Earnings Call

The company is excited about the construction of its permanent American Place facility, having received unanimous site approval.

— FULL HOUSE RESORTS INC, Q3 FY2025 2025 Earnings Call

Commentary excerpts from earnings call transcripts provide management's perspective on performance, strategy, and outlook. Always review full transcripts for complete context.

OPERATIONAL METRICS

American Place Customer Database
115.0K
members
Chamonix Bronco Billys Adjusted Property Ebitda
2.1M
Prior year: -700.0K
dollars

Operational metrics provide insight into business drivers and customer engagement beyond traditional financial measures.